Overview of Guroobaru Uji Oubaku (グローバル宇治黄檗)
Guroobaru Uji Oubaku (グローバル宇治黄檗) is a 24-year-old condominium located at Ujishi Go Ke Shou Shinkai 8-3 (宇治市五ケ庄新開8-3), Kyoto, Japan. Built in 2002, it comprises 32 units in a Reinforced Concrete (RC) structure. It was constructed by Nakagawa Koumuten (中川工務店).
Pricing & Floor Plans
Based on 13 past listings, prices have ranged from 1,280〜2,280万円 (approx. $85,333–$152,000 USD at ¥150/$).
Unit sizes range from 57.0–77.7 sqm (614–836 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥29.4万/sqm (approx. $1,961/sqm or $182/sqft).
Location & Neighborhood
The property is located at Ujishi Go Ke Shou Shinkai 8-3 (宇治市五ケ庄新開8-3), Kyoto, Japan. It is a 2-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
Investment Perspective
Building depreciation: In Japan, buildings depreciate significantly over time. Wood-frame houses depreciate to near-zero value at around 22 years, while RC structures depreciate more slowly but still lose value. At 24 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Key cultural note: Unlike the US where properties typically appreciate over time, Japanese buildings depreciate while the underlying land tends to hold or gain value. This means buyers should evaluate the land-to-building value ratio carefully.
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